Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 6:16 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #67. Kennametal — Tungsten Materials Business from ATI
Acquirer:
Kennametal (KMT)
Acquiree:
Tungsten Materials Business from ATI (ATI)
Details:
Kennametal Inc. (NYSE: KMT) today completed its transaction to acquire the Tungsten Materials business from Allegheny Technologies Incorporated (NYSE: ATI) for $605 million. The acquisition, announced on Sept. 16, 2013, brings annual sales of approximately $340 million and an estimated 1,175 employees.
Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s capability includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and wear applications. Co. operates in two segments: Metal Cutting, which develops and manufactures tooling and metal cutting products and services and provides an assortment of standard and custom metal cutting solutions to end markets; and Infrastructure, which produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, primarily for the energy, earthworks and general engineering end markets.
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Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s capability includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and wear applications. Co. operates in two segments: Metal Cutting, which develops and manufactures tooling and metal cutting products and services and provides an assortment of standard and custom metal cutting solutions to end markets; and Infrastructure, which produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, primarily for the energy, earthworks and general engineering end markets.
KMT SEC Filing Email Alerts Service
Open the ATI Page at The Online Investor »
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